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<br /> ' `" � (d) a writ ot executicn or attachment of any sim�lar process shati be ertered against Trus4or which shall '
<br /> � G become a Ilen on the Trust Estate or any pordon thereof or tnterest therefn and such executlon,attachmerR or simUar ` � �` �Y ,
<br /> process ot judgment[s not released,bonded,satisfied,vacated or stayed wfthin sbdy(6d)days af2er its er�t►y or levy; � . : "
<br /> � • - or �, , �-. .
<br /> _ - (e) there has occuRed a breach of or default under any term.covenant,agreemeM,cortdttlon,provisfon, • • '. ,
<br /> � represer�tation or war►anty contained in any pdor de�f of trust or mortgage affiecting the Trust Estate. __. � :„
<br />—. __ '_ ' _' _ ' __"'T' _ _ .
<br /> , 10. ACCELEAATtONS UFON DEFAULT;ADBRIOfVAL REMlEDIES. ff an event Of defauit occurs,Benefldary may . ""� c��
<br /> . dedare the Indebtedness secured hereby to 6e due and payahls anti the same shall thereupon become due and payable , .
<br /> . , ' � wnhout arry presarRme�Y.demand,protest or notice af any kind. Ther�after,Bene�c fary may: �•
<br /> � ' �" (� either in person or by agent,wtth or wfthout bdnging any ac�an or proceeding, or by a receiver -� '� _
<br /> • gPPainted by a court and wfthout regard to ihe adequacy af its security,eriter upon and take possession of the Tn�st :. , .` ° �`�= �
<br /> � - Estate,or any part thereaf�in�s awn name or tn the rtame of Tn�stee,and do any at�s which ft deems necessary or � � ' --
<br /> ;. , � .: „�:.�'�.. '
<br /> � � desirabte to presenre the value, mar�cetabllity or rer�tabDfty of the Trust Estate, or paR thereof or interest therein. _ <,_,�� -�
<br /> . � increase the income therefrom or pmtect tfie security hereof and, wfth or without taictng passession of the Trust ;-,::�=2;�;,
<br /> � � � Estate,sue for or athen�vise coflect the renis,issuss and pro�is thereof.including those past due and unpatd,and � _ _
<br /> - � appty the same, tess costs and e�enses oi operatlon and cailectlon including attomey's fees, upon arry °` = `��_.
<br /> � � indebtedness secured herehy. ail in such order as Beneflciary may determine. The erRedng upon and takirtg `�` .—
<br /> � possess#on �f the Trust Estate. the coiledion of such rems, tssues and profits and the appqcatton thereof as . ::.:�;'_�-
<br /> ,. afore.�atd shail rtot cure or waive arry deTauit or na�ce of deiautt hereunder or irnalidate any act done tn response to , -� �: _--°_
<br /> � � . ,',Y such deisult or pursuartt to such notice of defauft and��stand�ng the cordinuance(n possassion of the Trust � . �
<br />� � ' Estate or Ms coftec�ffon,receipt arid appiicatlon of rertis,issues or proftts,Tretstee or Beneflctary shaU be entitted to • ---�'=r'��J
<br /> �. .;..j exercise every�ight provided for in any of tha Loan tnstnsmenYs or by law upon ocxurrence of any everrt of deisutt. ----- ,��_:_
<br /> . irtduding the dght to exercise the pawer of sate; `�;""`�
<br /> _ (tf)� comm$nce an actlon to foredose this Qeed of Trust as a mortgage,appoi�a recetver or spectflcally �: , �`��':;�.;;,;.y:�
<br /> .. enforce arry ot the convenants hereoi; ` . � �`"��%_:'
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<br /> � (fi� deUver to Trust�e a written dectaration af�iaWt and damand for sale and a written no�ce of default �. � �`
<br /> , . and eledlon to puse Tnistor's interest in the Trust Estate ca be sold,which naiice Tntstee shatl cause to be duly fited , � r�,, ;-�:;�
<br /> � for record in the appropriate oftices of the CouMy tn whtch the Trust Estate Is tocafed;or : F r�
<br /> . (tv) exercise such other rights or remedies at taw or in equiry. : ��'�- ��
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<br /> , 11. FORECLOSURE BY POWER OF SALE. lf 8ene8ciary elects to foreclose by exercise af the Power of Sate ,. ,_ . . ,:�;:,�:,._
<br /> ��' herein contained.Beneflciary shall notHy Trustee and shatt deposit wiih Trustee the Second Deed of Trust and a�y note • •. ;•a�'-�_
<br /> evidencing the Indebtedness and such receipts and evidence�`expendiWres mads and secured hereby as Trustee may �` � � --_
<br /> � � ' requira - =`sz�'�4'
<br /> � • '� ;a (a) Upon receipt of such notice from Beneftciary, Trustee shail cause to be�ecorded, pvbllshed and ' � -i.�:�
<br /> � � detivered to Trustor such I�otice ot Default and Notice of 3ale as then required by taw and by this Second Deed of � . "._;.;i�
<br /> � Trust. Trustee shall without demand on Trustor,after such tima as may then be required by law and after recorda�on � "�°���:»'
<br /> � � � . o#such Noiice o#Defautt and after Notice of Sale having been given as required by law,se11 the Trust Estate at the .. K�-�:
<br /> � - t(me and piace of sate flxed by it in such Notfaa of Sale.either as a whate,or in separate lots or parcets or items as � �•-�° .-
<br /> Trustee shall deem expedient,and tn such ordar as[t may determine,at pubitc auctlon to the hlghest btdder for cast� '-�`�
<br /> � fn lawful money of the United States payable at the time of sale. Trustee shail deiiver to such purchaser or ����
<br /> � � purchasers thereof its good and sufficieni deed or deeds comreying the properry so sold.but without any covenant ��'.. . ���z
<br /> �• � or warramy expressed or imptied. The recitats in such deed of any matters or facts shall be conclusive proof of the
<br /> ; ` , . . truthfutrtess thereof. My person,tnctuding without limitation Trustar.Ttustee or 62neficfary,may purchase ai suCh • : •._-�«►:-=
<br /> �, sale. . .
<br /> (b) As may be permitted by law,after deducUng ap costs.fees and expenses of Trustee and of this TNSt, � � . ,.,�
<br /> � � � Inciuding costs of evidence of tttte in connection wfth sa1e,Trustee shall app►y the proceeds of sale to payment of(� ..
<br /> : � the indebiedness Q� a11 other sums then secured hereby, and (if�the remainder, it any,to the person ot persons . . ' . . �
<br /> legally entNed thereto. ° .�
<br /> � (c) Trustee may in the manner provlded by law po�tpons sate of atl or arey portlon o1 the Trust Estaie. .. . .
<br /> ! 12. HEMEDIES NOT EXCLUSNE. T►ustee and Beneflclary, and each of them. sha11 be entltled to eMorce �. •
<br />, payment and performance of any indebtedness or obligations secured heteby and to exercise a0 dghta and powers under .
<br /> � � this Second Deed of TNSt or under any Loan Instrument or other agreement or any faws now or hereafter in force: _
<br /> � , notwfthstanding,some or all of the such indebtedness and obiigaiipns secured hereby may now or hereafter be otherwise e._._ .
<br /> � � secured,whether by mortgage,deed ottrus�pledge,llen,assignment or otherwlse. Neitherthe accep2ance of this Second .
<br /> . � Deed of Trust not its entorcement, wheiher by couR actlon or pursuant to the pov�er of safe or oiher powers hereln .
<br /> contained, shall prejudice or in any manner affect Trustee's dr Beneficiary's rlgM to realize upon or enforce any other � �
<br /> � securlry now or hereafte�heid by Trustee or Beneflciary,ft being agreed that Trustee and Beneflciary,and each of them,
<br /> � shail be ent+tled to enforce this Second Deed of Trust and any other security now or hereafter hetd by Beneticlary ' .
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